Nass Corporation proposes 15% dividend
- Bahrain: Tuesday, February 26 - 2013 at 15:39
- PRESS RELEASE
Nass Corporation Board of Directors met on 26th February 2013 to review the financial results of the company for the year ended 31st December 2012.
The gross turnover achieved for Q4 2012 was BD31.261m (BD22.925m for Q4 2011) on which it had achieved a Net profit of BD1.378m (BD2.419m for Q4 2011)
"The company could achieve reasonable profit for the year inspite of tough economic and market conditions" said Mr. Nass.
"Despite a fall in the operating profit for the year 2012 compared to 2011, as a demonstration of our appreciation and commitment to the shareholders, the Board of Directors have recommended a cash dividend of 15 fils per share to its shareholders which is subject to approval of the shareholders in the annual ordinary general assembly meeting to be held on 26th March 2013," added Mr. Nass.
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